- Italy arrested 5 individuals involved in a €220 million VAT fraud scheme
- The scheme involved falsifying invoices for alcohol exports to avoid paying taxes
- 43 companies across 10 EU countries and the UK were implicated in the scheme
- The suspects managed to pocket €220 million in stolen revenue between 2015 and 2021
- Charges include association with a criminal entity, VAT fraud, forgery, and money laundering
- One suspect, an Italian entrepreneur, remains under house arrest
- Bank accounts, real estate, and luxury cars of the suspects have been frozen at EPPO’s request
Source: occrp.org
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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